The Potential of Blockchain

Description

This webcast will focus on demystifying the blockchain technology by helping you understand the benefits and opportunities of blockchain technology, and preparing you to weigh the risks and challenges as you consider implementing this technology within your organization. In addition, this webcast focuses on current overall blockchain trend and some potential affects to the practitioner.

Regulatory risks, standards and legality related to blockchain and cryptocurrency

Management role in securing crytocurrency

Relation among risk of governance, consensus and fork and chain splits

Future risk related to blockchain

Limitation and solutions of blockchain

Internet of things and increase of auditor's scope

Accounting challenges of stable and privacy coins

Security issues with smart contacts

Benefits and challenges of initial coin offerings

Objectives

When you complete this webcast, you will be able to:

Identify the four characteristics of the Bitcoin blockchain.

Recall the three parts of a zero-knowledge proof, what the concept solves, the security breakthrough, and the non-financial benefits.

Recognize how blockchain provenance affects supply chain and the paradigm shift from the push supply chain to the pull demand chain as well as the benefits of decentralized file storage and prediction markets.

Recall the most significant problems with digital identity and know-your-customer (KYC) regulations, how blockchain shifts control of identities back to the individual and solves the identity fraud problem while saving billions of dollars.

Distinguish the industry specific applications of blockchain especially for accounting, tax and legal including the single entry accounting limitation of existing blockchains.

Distinguish between risks associated with human factors and risks outside the control of the person or organization.